Standard Chartered Sees Arbitrum Soar to $10 by 2030

Standard Chartered recently initiated coverage of Arbitrum (ARB) with a price target of $10 by 2030. According to Geoff Kendrick, global head of digital assets research at Standard Chartered, Arbitrum is an enterprise-grade infrastructure platform for traditional finance firms moving on-chain.

The bank estimates that Arbitrum will collect around $5 million in revenue from the Robinhood Chain in September, which is roughly five times its monthly revenue before the July launch. Kendrick also expects tokenized equities to grow from about $3 billion now to $750 billion by the end of 2028.

Standard Chartered's price target for Arbitrum this year is $0.50, increasing to $1.50 in 2027 and $3.50 in 2028. Kendrick notes that this growth would far outperform projected prices for Ethereum (ETH) and Bitcoin (BTC) over their forecast horizon.

The bank also highlights a potential hole in the thesis - Arbitrum carries governance rights but no burn or direct claim on revenue, similar to Aave (AAVE) and Chainlink (LINK). Kendrick believes that as the ecosystem matures, a buyback becomes more likely. However, supply is the counterweight, with about 92.3% of the maximum supply of 10 billion already vested.